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Northeast OH Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?

Northeast OH – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner.

Many homeowners look at this as the best way to get their . . . → Read More: Northeast OH Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?

Northeast OH Short Sales: Why Might a Short Sale Be Preferred Over a Loan Modification?

Northeast OH – Homeowners who would prefer to get out from underwater may prefer to do a short sale compared to a loan modification.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

A short sale means the bank will accept a reduced payoff and release the loan. . . . → Read More: Northeast OH Short Sales: Why Might a Short Sale Be Preferred Over a Loan Modification?

More benefits to Clevelanders in foreclosure

Here are a few more details about the Obama spending plan to help homeowners.  I wrote about some of the benefits to the borrower for doing loan mods last week.

1.)  The new plan incentives banks to offer plans that the homeowners can actually afford.  After 3 months of the homeowner remaining current on . . . → Read More: More benefits to Clevelanders in foreclosure

Will the OBAMA spending plan help Cleveland families in need?

Everybody’s is talking about the new Obama spending plan. Washington has directed approximately 275 Billion Dollars towards assisting Home owners to stay in their homes and find financial assistance in this current economic meltdown. . . . → Read More: Will the OBAMA spending plan help Cleveland families in need?